http://www.cnn.com/2007/EDUCATION/03/06/homeschoolers.universities.ap/index.html
This is an article I found about New educational policies that the government has done to basically promote the practice of this market failure with good externality. It gives a number of examples and talks about how several US colleges used similar techniques to try to ease applications for homeschoolers. I am currently thinking about discussing about what is good externality and how the techniques by the different schools help it. At the same time, i also have the idea that by making homeschoolers easier to apply, wouldn't that create more competition for education? Because by making more people be able to access to application easier while the number of acceptants are still the same, it is a market with increased competition ya? My only concern is whether the information given is enough and whether just talking about maket failure would be enough for our major analysis journal assignment.
Dan
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Daniel...
You need to carefully consider what exactly the market failure is here? What good or service is being over or under-provided by the free market? Education is indeed a merit good, one which often requires government provision or subsidy, but is that what this article is about? If not, you'll probably need another article. Remember what we talked about in class today, how the government can subsidies both universities and students, to shift both the Supply and Demand curves for education out? Well I don't know if that's what this article is about, but that would indeed make a good topic if you could find an article about that somewhere.
Over the weekend you should find a better article and complete a first draft of your IB commentary... follow the rubric while working on it!
Mr. Welker
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